Allianz Asset Management GmbH Has $16.61 Million Stake in Healthpeak Properties, Inc. $DOC

Allianz Asset Management GmbH trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 10.2% in the second quarter, HoldingsChannel reports. The firm owned 948,649 shares of the real estate investment trust’s stock after selling 107,433 shares during the period. Allianz Asset Management GmbH’s holdings in Healthpeak Properties were worth $16,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOC. SG Americas Securities LLC acquired a new stake in Healthpeak Properties during the 1st quarter valued at $526,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Healthpeak Properties by 16.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 49,398 shares of the real estate investment trust’s stock valued at $999,000 after buying an additional 6,869 shares during the period. Blue Trust Inc. increased its stake in shares of Healthpeak Properties by 49.7% in the 1st quarter. Blue Trust Inc. now owns 12,355 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 4,100 shares during the period. Praxis Investment Management Inc. increased its stake in shares of Healthpeak Properties by 9.7% in the 1st quarter. Praxis Investment Management Inc. now owns 17,120 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 1,510 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Healthpeak Properties in the 1st quarter valued at $411,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley lowered their target price on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial raised Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Insiders Place Their Bets

In other news, CEO Scott M. Brinker purchased 2,930 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the acquisition, the chief executive officer directly owned 210,416 shares in the company, valued at approximately $3,589,696.96. This trade represents a 1.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 8,783 shares of company stock worth $150,129 in the last 90 days. Insiders own 0.23% of the company’s stock.

Healthpeak Properties Stock Performance

DOC stock opened at $18.71 on Tuesday. The business’s 50-day moving average price is $18.20 and its two-hundred day moving average price is $17.89. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The firm has a market cap of $13.00 billion, a PE ratio of 77.94, a P/E/G ratio of 3.16 and a beta of 1.09. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be issued a dividend of $0.1017 per share. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.5%. Healthpeak Properties’s payout ratio is currently 508.33%.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.